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Continental Realty Corp. has acquired Dartmoor Place at Oxford Square, a 258-unit, five-story property at 7200 Alden Way in Elkridge, Md., The firm bought it for $86.5 million from Preston Partners, the previous owner and developer. The community was built in 2019, and was 94 percent leased at the time of sale.

The acquisition of this is CRC’s first in Howard County. It is the fourth asset purchased by the Core Multifamily Fund, LP, a private equity fund sponsored by CRC in partnership with Brown Advisory. The Core Multifamily Fund focuses on acquiring new properties in high-growth suburban and urban markets throughout the Southeast, including Charleston, Charlotte, Nashville, Raleigh, Orlando, and Tampa.